Posted 3/25/2024, 5:35:06 PM
Amazon and Nvidia Deepen Ties in Booming AI Cloud Market
- Amazon Web Services (AWS) poised to benefit from growing ties with Nvidia and rapid growth of AI.
- AWS announcing multiple new partnerships and initiatives with Nvidia around AI computing platforms, training tools, etc.
- Building on existing AWS-Nvidia partnership on Nvidia's Grace Hopper processors.
- Part of larger battle between Amazon, Microsoft, Google, Oracle etc. to host computing power needed for AI apps.
- Amazon stock up 20% YTD, 84% past 12 months; potential upside but regulatory risks remain.